Recent News

Hong Kong Exchanges and Clearing Limited said shareholders of the London Stock Exchange , "should have the opportunity to analyse in detail both transactions and will continue to engage with them," an indication it may go hostile with its nearly $37 billion bid. The LSE earlier on Friday rejected the offer and said it wasn't interested in talks. "The Board of HKEX had hoped to enter into a constructive dialogue with the Board of LSEG to discuss in detail the merits of its proposal and are disappointed that LSEG has declined to properly engage. In particular, HKEX had hoped to demonstrate why it believes that the benefits of its proposal significantly outweigh those of the proposed acquisition of Refinitiv," the exchange said.

The London Stock Exchange on Friday rejected the preliminary, 29.6 billion pound ($37 billion) takeover bid from the Hong Kong Exchanges and Clearing and said it didn't want to engage in talks. "The Board has fundamental concerns about the key aspects of the Conditional Proposal: strategy, deliverability, form of consideration and value. Accordingly, the Board unanimously rejects the Conditional Proposal and, given its fundamental flaws, sees no merit in further engagement," the LSE said. LSE shares were last up 1.3% at 7344 pence.

The London Stock Exchange said it will consider the offer made by Hong Kong Exchanges and Clearing , which it called "unsolicited, preliminary and highly conditional." The LSE said it remains committed to its takeover of Refinitiv Holding, held by Blackstone and Thomson Reuters .

One condition of Hong Kong Exchanges & Clearing £29.6 billion ($36.6 billion) bid for the London Stock Exchange is the rejection of the LSE's deal to acquire Refinitiv either be rejected by LSE shareholders or terminated. The LSE has a separate $27 billion deal to acquire Refinitiv, which is owned by Blackstone and Thomson Reuters .

Hong Kong Exchanges & Clearing said it's offered £29.6 billion ($36.6 billion) for the London Stock Exchange . The bid is valued at 2,045 pence in cash and 2.495 HKEX shares, or 8361 pence a share. The Hong Kong exchange said the proposed combination would strengthen both businesses, better position them to innovate across markets and geographies, and offer market participants and investors unprecedented global market connectivity. LSE shares shot up nearly 15% to 7850 pence

Good day! Hong Kong’s stock exchange threw a wrench into Blackstone Group’s planned sale of Refinitiv Holdings to the London Stock Exchange with a $36.6 billion bid for the LSE that depends on the Refinitiv deal being scrapped. But Hong Kong Exchanges & Clearing Ltd. faces some significant hurdles, including possible resistance from U.K. regulators. Blackstone may not be sweating this one just yet.

The U.K. exchange operator rejected a $36.6 billion bid from Hong Kong Exchanges and Clearing, saying it had “fundamental concerns” about the price and Hong Kong’s long-term future as a financial gateway.

The U.K. government is unlikely to approve a potential $36.6 billion takeover of London Stock Exchange Group by its Hong Kong rival because it forms too critical a part of the country’s financial infrastructure.

A deal would unite two of the world’s major stock exchanges when both regions are under political pressure, with Hong Kong reeling from a summer of violent protests and London gripped by political paralysis.

The European Union official overseeing the regulatory push against Silicon Valley is poised to stay on the job for an unexpected second term—a warning that the new administration here isn’t backing down on global tech oversight.

MarketAxess has risen by challenging Wall Street banks that have long dominated trading in corporate bonds. The trading platform was added to the S&P 500 this summer after its share price doubled in a matter of months.

The family behind toy giant Lego is teaming up with Blackstone and a Canadian pension fund to buy the owner of Madame Tussauds wax museums and Legoland theme parks in a deal that values the company at $6.04 billion.

Switzerland and the EU are at loggerheads over an overhaul of the complex ties that have guided the relationship for decades. The ability of some investors to trade blue-chip Swiss companies could be affected by the spat.

Recent News

Good day! Hong Kong’s stock exchange threw a wrench into Blackstone Group’s planned sale of Refinitiv Holdings to the London Stock Exchange with a $36.6 billion bid for the LSE that depends on the Refinitiv deal being scrapped. But Hong Kong Exchanges & Clearing Ltd. faces some significant hurdles, including possible resistance from U.K. regulators. Blackstone may not be sweating this one just yet.

The U.K. exchange operator rejected a $36.6 billion bid from Hong Kong Exchanges and Clearing, saying it had “fundamental concerns” about the price and Hong Kong’s long-term future as a financial gateway.

The U.K. government is unlikely to approve a potential $36.6 billion takeover of London Stock Exchange Group by its Hong Kong rival because it forms too critical a part of the country’s financial infrastructure.

A deal would unite two of the world’s major stock exchanges when both regions are under political pressure, with Hong Kong reeling from a summer of violent protests and London gripped by political paralysis.

The European Union official overseeing the regulatory push against Silicon Valley is poised to stay on the job for an unexpected second term—a warning that the new administration here isn’t backing down on global tech oversight.

MarketAxess has risen by challenging Wall Street banks that have long dominated trading in corporate bonds. The trading platform was added to the S&P 500 this summer after its share price doubled in a matter of months.

The family behind toy giant Lego is teaming up with Blackstone and a Canadian pension fund to buy the owner of Madame Tussauds wax museums and Legoland theme parks in a deal that values the company at $6.04 billion.

Switzerland and the EU are at loggerheads over an overhaul of the complex ties that have guided the relationship for decades. The ability of some investors to trade blue-chip Swiss companies could be affected by the spat.

London Stock Exchange Group PLC

London Stock Exchange Group Plc engages in the provision of global financial markets infrastructure services. It operates through the following segments: Information Services, Post Trade Services-LCH, Post Trade Services-CC&G and Monte Titoli, Capital Markets, Technology Services, and Other. The Information Services segment refers to subscription and license fees for data and index services provided. The Post Trade Services-LCH segment refers to CCP and clearing services provided, non-cash collateral management, and net interest earned on cash held for margin and default funds. The Post Trade Services-CC&G and Monte Titoli segment is responsible for trades and contracts clearing, and relates to net interest earned on cash, securities held for margin and default funds, and settlement and custody services. The Capital Markets segment pertains to admission fees from initial listing and further capital raises, annual fees charged for securities traded on the group's markets, and fees from secondary market services. The Technology Services segment comprises capital markets software licenses and related information technology infrastructure, network connection, and server hosting services. The Other segment covers events and media services. The company was founded in 1698 and is headquartered in London, the United Kingdom.
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